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medivh
Elite |
17-Jul-2013 23:40
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if you have lost so much, don't you think you should stop?   Take a break, have a breather, smell some flowers..     may take days, weeks , months,         But come back only when you are confident enough to  play the market. (similar advice given by cham and bra)
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medivh
Elite |
17-Jul-2013 23:36
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Bro cham, since u call me bro,  I tell u honestly...   I'm not as zealous as you..and I'm not here for popularity contest               I have nothing against what you posted.               only want to suggest that its good to put disclaimer, less some newbs start to follow your good advice blindly. Have a gd day..(" ,) (," )
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novice_trader
Elite |
17-Jul-2013 23:34
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I find losing $$$ is easier than making $$$. June and July lost $20k already, haven't made so much before in my many years of trading. Crazy... Real crazy. Driving me mad... Price up 2 pips can down 4pips. Anyone can advice is trading problem or problem with myself???
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novice_trader
Elite |
17-Jul-2013 23:31
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Hi Bro Stockcham, relax bro... We believe in you. No point arguing sometimes, not many ppl in SJ will always share their ideas and thoughts and buy/sell calls. We all are here to make $$$! Huat Ah! Hope I can still shout Huat Ah again soon.... Take care bros and sifus!
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medivh
Elite |
17-Jul-2013 23:30
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I  think  you guys need to see the pt of view from the advisor's perspective     Their advice though with good intentions are meant to use for their own trading strategy.         One man's meat is another's poison..               You may end up losing lots more if you use it in the wrong way...  *the surest 1st step of making money is firstly to learn how to  to lose less.., its an art as some sifu once put it*    |
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Stockcham
Elite |
17-Jul-2013 23:25
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Bro louis_leece, It seems that you have some unhappiness with me just like this Bro medivh who is still have problem with me as you can see he is so happy to see you write this. I have no problem to do what you said if I have the time. It takes me a lot of time for me to write all these to the extend that I spend less time with my family.  Can I know what makes you so negative about me?. Frankly, I don't know. In the first place, I didn't say that I always win big lose small. If you go through all those  I wrote, I lost big also.  You see, I  have a choice to rebutt you back  when you write  this but I think no point because we are here to share and make money, and not to make enemy.  I expected  your type of respond sooner or later and I'm prepare for it. Anyway, happy trading bro! we just want  to make money! 
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verynew
Veteran |
17-Jul-2013 23:11
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Bro one things need your advise
Why sell q can make the price go up |
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verynew
Veteran |
17-Jul-2013 23:08
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Bro what u mean price matching is
E.g buy q 8000 than sell q also 8000 Which means this is call price matching am I right to say |
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joseeng
Master |
17-Jul-2013 23:05
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Bro stockcham, I usually avoid trading for the first 10-15mins cos tats like the peak hr, everyone rushing in and out....tats my personal rule la, not asking anyone to follow...lol
Secondly, I would advise those new bros to trade within your means. Like what bro librajet has said, mkt is always there, dun use up all your bullets. See how relax he is now, still can play jackpot and swim...Iol
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Stockcham
Elite |
17-Jul-2013 22:51
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That's a good one Bro Librajet. Many peoples do that which in the end lost more. Bro, borrow the space below hah.. Just to add On item 4, buy early morning doesn't mean buy any price. Try not to match buy when there is a gap up especially with many pips. hard to make money. On item 6, see how the price was match. There is something going on during matching. That's why you can see during matching time, the lots at buy sell queue for a chiong ounter will keep changing and adjusting until you see 2 price jump up and down. Matching is one way BBs distribute their holdings. Big matching lots are usually not good e.g the matching lots are 10000 lots (must take into consideration the usually buy/sell volumn because 10000 lots for some counters are not consider unusual). Try not to match lah. Not so easy to make money one. If really want to match, there is 2 kind  of matching buy which you may want  to avoid  especially the counter that chiong the previous day. e.g. as  below 1) Buy queue move up 136, 137, 138, 139, 140 and then before market starts, it drop back to 139. This type cannot match. High chance die one. 2) Buy volumn keeps increasing from 136, 137....140. So at 140, the buy volumn may usually very high liao. Let's say at 140, the buy volumn is 8000 lots and sell volumn is 7000 lots. Before matket starts, the buy volumn cannot withdraw. If buy volumn withdraw  e.g.  from 8000 lots to 6500 lots. High chance also die one. When I say high chance die, it doesn't mean it must open immediately and then  drop. It may move up 1-2 pip and then drop. This is my observation. You can see for yourself how many times it happen this way. Good luck and huat ah! 
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verynew
Veteran |
17-Jul-2013 22:49
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Bro librajet thks u too ur are so kind to share and care really really so kind of your really so great to know your bros here | ||||
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medivh
Elite |
17-Jul-2013 22:43
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do i smell sacarsm .. lol
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verynew
Veteran |
17-Jul-2013 22:41
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Bro stockcham and other bros really thank you so much for your guidance and value time to share and teach us not only share with us how to earn money and also how to really really thank you all from all the info and guidance from bottom of my heart | ||||
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louis_leecs
Elite |
17-Jul-2013 22:30
Yells: "half cash" |
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Bro stockcham
You are the most respect in share junctions not because you teach ppl here how to buy stock ,how to win money how to cut lost better than lost everything,the most important is to share the trading 心 德 , tell how your trading routing like happy win money,Tulan computer speed and I'm enjoy your trading description ,so I got one request can you write down your daily trade after market close,,,descripted your daily buy and sell, happy because what Tulan about what,why you buy because you see got Hugh q sell or what what ,I will be everyday come here to enjoy your story,,and also let new trader joint the win the big and lost little bit tacnic,,,,is it ok !!!! |
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librajet
Elite |
17-Jul-2013 21:54
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one more impt element in trading stocks, LISTEN, if u cant forget yr lost, keep thinking how much u have lost, thinking how fast u want it back by more counters and lots, STOP TRADING!!!!!! ur not in the right mind. Trading stock is long term, slow and steady profit. The stock mkt is always there, thats good, means TAKE YR TIME to draw level and win one day.
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cskshares
Veteran |
17-Jul-2013 21:49
Yells: "Very eager to learn! Do teach! Thank you!" |
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Ya, Bro Stockcham, thank you very much for spending time to type all these valuable lessons.  As someone very very new, I learned a lot  from these lines. Do share more in the future.  Hope more people will spend sometime teaching us too.  Cheers!
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iluvboost
Master |
17-Jul-2013 21:48
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Agree with everything u said. i also like to chiong in when bb munching sell queue. very exciting. entered Ramba today 645. SL 620, TP 675-695. Memorise the patterns of the counter ur playing, is a good skill to have. :) 
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Gold916
Veteran |
17-Jul-2013 21:29
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Thks bro
It's a very gd advice
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Stockcham
Elite |
17-Jul-2013 20:57
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Bro verynew, I think losing money is part and parcel of learning process. You will have to think again where went wrong. From my own experience, there are a few mistakes where some were raised by Bro Librajet. 1) You may set a high TP but you also have to set your cut off price if your TP doesn't reach. Cannot die die wait for TP to reach. You see my TP for Innopac is 152. I prepare to sell at 149. But when it doesn't reach and drop back fast, I throw at 143. I don't care because I still have profit.  Learn how to take profit.  2) When you buy a counter, I believe you must have expect it to rise. If it doesn't go your way but go the other way, it is good to cut it. What price to cut?.  You will have to decide once you bought it. Don't hope. In stock market, HOPE usually makes people lose money. If you moves up, forget it. In a long run, you will benefit. Many peoples ask this question  " Why everytime I sold it then it chiong up" . Why?. Because they hold for too long during the selling period. When their due date reach or drop too much, the selling is almost done and is ready for a rebound.    3) When a counter runs, chiong in  because worry the price will be gone.(I still do that...Lol). My experience tells me it is easier to lose money. I also lose sometimes but won't kenna jialat jialat because I chiong in faster than many peoples. Why?. When I see a counter starts to move, I chiong in liao regardless of whether the sell queue is 5000 lots or not.  When a counter moves, many peoples worry to  see big sell queue. So don't chiong first. Wait! Then the price gone。 Move up 1 pip and see the same thing. Still see first.  See for a few times moves a few pips, buay tahan liao so chiong in. That was a few pips higher liao. So when he  finally bought it, he also want to make a few pips. So a few pips plus another a few pips total equal many pips.   So can't reach the TP, wait! When it drop, HOPE takes over. 4) One must have some target counters and price which  he intends to buy. That's why we need a watchlist of counters. We see them everyday. We should have some thoughts like e.g. " When it break this price, I will buy" , When it drop to this price, I will buy" , " When this related counter moves, this will move so I buy" . So when you have a counter which you think that it will move tomorrow, follow your heart and buy early morning. Don't wait until it starts to move then buy.We cannot sit at the computer every morning and see which one chiong. If chiong I chiong in. Or wait for tips or kang tao from your broker. Don't ever believe kang tao from broker. You will die faster. 5) Know your counter well. You have to know their daily buy sell queue, their normal daily traded volumn, their trading pattern and so on. 6) This I have said before. Watch a counter chiong.  When it chiong, see how the lots were eaten up. Did the lots at sell queue eaten up at one go or slowly eaten up and still left some for you to buy?. Or did BBs buy straight at sell queue price when the buy queue is 500 lots and sell queue 5000 lots?. Or is there any buy lots coming in again at the buy price when someone throw it down and almost finish it?. Or is there anyone throw out big lots at one go and the price drop a few pip at one go? and so on.  Try to analyse it. 7) One need to have knowledge of resistance and support price. This is very important. Without this knowledge, even if you have a watchlist of counters also no use because you don't know what to see. If one can lose 4-5k, why not spend some of this losses to go for Technical Analysis course. This is very useful except during the market correction time where this TA becomes almost useless. You see, I makes money and also lose money. But do you noticed something?. I usually make money from those counters which I have done my homework and share with you all with explanation or when I find something fishy going on. Although some calls buay zhun, but overall still okay right. But for those counters I chiong one which I didn't monitor just because it chiong, I lose money very often. Some may say then why I anyhow chiong. This is my style. Playing contra in stock market is just like gambling. In gambling, we want shiok. So I can't change unless I keep losing money. At times I may lose big money, it is usually because I bought too many counters and they lose money. I seldom lose big in one counter because I always cut and usually cut fast(Of course sometimes a bit slow...Lol).  My record is 1 min if I remember correctly. Buy and sell within a min.  How to do that?. When this counter starts to move, I chiong in straight at sell queue price, then the big buy queue suddenly withdraw. I sell immediately. I am not an expert and I also loss a lot of money before. But when  I lost money, I will think why I lost. Not keep thinking how much I loss. My trading style is still not so good. But because I can still make money overall, I didn't bother to think much. If I starts to keep losing money, I will control  my anyhow chiong. The conclusion is this. In stocks trading, it is not about what counter is good to buy. It is about how you buy and how you sell. Hope the  above helps.   Good luck and Huat ah!
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kelvinLim123
Master |
17-Jul-2013 20:33
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No one plan to fail, only u WTF like you plan to fail. No plan means set up to fail. Only sucker like you plan to fail. So be it.
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